Episode 54: 5 IRS Audit Flags for Business Owners

Episode 56. How To Pay $0 In Taxes Using Real Estate

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! [https://www.buzzsprout.com/2000735/fan_mail/new] If you want to know how to pay $0 in taxes as a business owner, this video is for you. I sat down with Rod Khleif, a real estate investor, entrepreneur, and host of one of the largest real estate podcasts in the world (Lifetime Cash Flow), to break down exactly how he pays $0 in taxes using real estate, and how you can do the same thing. Rod has owned over 2,000 houses, owns thousands of apartment units, and is currently buying senior housing facilities in Texas. He also famously lost $50 million in the 2008 crash and built it all back. In this interview, we cover his comeback story, the mindset shift that took him from making $8,000 a year to over $100,000, and the exact tax strategies he uses to pay zero in taxes year after year. First, Rod explains why 90% of millionaires either made their money in real estate or invested in it, and the main reason is the tax benefits. We talk about how the tax code is literally written to encourage real estate ownership, and how full-time real estate investors can legally write off their entire income. Then I break down the real estate professional status and the 750 hour rule, what it actually means, and how business owners can qualify to write off active income against real estate losses. We also cover passive investing for business owners who don't have time to be an operator, and how passive losses from real estate can offset passive income. Next, Rod and I get into cost segregation and bonus depreciation, the two strategies that allow real estate investors to write off 60 to 70% of their investment in the first year instead of waiting 39 years for commercial property depreciation. I explain how this works for S corporation owners and high-income business owners who want to reduce their tax bill fast. We also cover the BRRRR method (Buy, Renovate, Refinance, Repeat) and how Rod uses it on apartment complexes and senior housing to pull money out tax-free for his investors. If you want to understand how real syndications work, how investors get their money back, and how the cash flow gets split between operators and limited partners, this part is for you. Finally, Rod talks about the opportunities in real estate right now, why properties are selling for 35% less than they did in 2022, and why senior housing and assisted living are some of the biggest opportunities for business owners looking to invest passively or become operators. 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘄𝗶𝘁𝗵 𝗥𝗼𝗱 𝗞𝗵𝗹𝗲𝗶𝗳: 🔗 https://rodslinks.com/ 🔗 https://rodkhleif.com/ 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout [https://bit.ly/podcast7writeoffs] *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

Episode 55: Accepting Crypto Payments In Your S Corporation

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! [https://www.buzzsprout.com/2000735/fan_mail/new] Accepting crypto as payment in your S-Corporation? Before you do ANYTHING, listen to this podcast. Crypto inside an S-Corporation doesn't work like a stock investment, real estate, or even holding crypto personally. The IRS has specific rules for digital assets inside a business, and if you don't understand them, a profitable decision can quickly turn into a tax nightmare. In this podcast, I walk you through the 5 critical tax rules every S-Corporation owner MUST know before accepting, holding, or trading cryptocurrency inside their business. Plus, a powerful retirement account strategy that lets you invest in crypto completely tax-free (legally). 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout [https://bit.ly/podcast7writeoffs] *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

Episode 54: 5 IRS Audit Flags for Business Owners

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! [https://www.buzzsprout.com/2000735/fan_mail/new] 5 IRS Audit Triggers Every Business Owner Must Avoid in 2026. If you're running a business and taking write-offs, the IRS may already be watching. In this podcast, I break down the five biggest IRS audit red flags that get business owners flagged, and exactly how to avoid them. The IRS doesn't audit business owners randomly. They use algorithms to compare your tax return against thousands of other business owners in your income bracket and industry. If your return looks abnormal, you get flagged. First, I cover consistent business losses and why repeated losses on your tax return signal to the IRS that your business might be a hobby, not a real business. Then I explain how meals, travel, and lifestyle write-offs get business owners in trouble when personal expenses start getting disguised as business deductions. I also break down under-reporting income, one of the fastest ways to trigger an IRS audit, especially when your reported income doesn't match the 1099s the IRS already has on file. If you have income coming in from Stripe, Zelle, wire transfers, checks, or cash, you need to hear this. Next, I cover sloppy tax returns and rounded numbers, a red flag most business owners completely overlook. When every number on your return ends in zero, the IRS sees that as guessing, and that destroys your credibility. Finally, I explain why Schedule C businesses get audited more than any other filing type, and when it makes sense to move from a Schedule C to an S Corporation for better structure and lower audit risk. At the end, I break down the IRS 3-year audit rule, the 6-year rule for under-reported income, and why there is no time limit when fraud is involved. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout [https://bit.ly/podcast7writeoffs] *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

Episode 53: PTE Tax Strategy Changes in 2026

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! [https://www.buzzsprout.com/2000735/fan_mail/new] The PTE tax strategy is changing in 2026 but it is NOT going away. If your accountant told you to stop using the pass through entity tax strategy because the SALT cap increased to $40,000, they are wrong. In this podcast, I break down exactly what changed with the PTE tax strategy, why the $40,000 SALT deduction limit is misleading for profitable business owners, and why the PTE pass through entity tax election is more important now than ever. In 2017, the Tax Cuts and Jobs Act put a $10,000 cap on state and local tax deductions, also known as the SALT cap. That meant business owners who were paying $30,000, $40,000, or even $200,000 in state income taxes could only deduct $10,000 on their personal tax return. States fought back and created the PTE pass through entity tax, which lets S corporation and LLC owners convert personal state income taxes into a business tax deduction. This strategy has saved our clients tens of thousands of dollars every year. Now in 2026, the One Big Beautiful Act raised the SALT cap from $10,000 to $40,000. A lot of accountants are telling their clients the PTE strategy is no longer needed. Here is what they are missing: there is a modified adjusted gross income phase out. If your total income is $500,000 or more, the $40,000 SALT cap starts dropping. If your income is $600,000 or more, your SALT cap goes right back down to $10,000. That means the PTE tax strategy is still critical for every profitable S corporation and LLC owner. I also walk you through exactly how to make a PTE election, when the deadlines are by state, why you should pay your PTE taxes quarterly, and how to claim the PTE tax credit on your personal return. If you are not using the pass through entity tax strategy with your tax advisor, you are overpaying in taxes. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout [https://bit.ly/podcast7writeoffs] *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

Episode 52. Top 5 Easy To Use Tax Strategies

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! [https://www.buzzsprout.com/2000735/fan_mail/new] Top 5 easy to use tax strategies that will reduce your taxes and save you money in 2026. These are my top 5 tax strategies every business owner needs to know. If you own a business, these five tax strategies are ones you need to start using today, and three of them can still be applied retroactively if you haven't filed yet. I break down each strategy step by step. First, I cover Trump accounts and how your business can take a $2,500 per employee tax deduction that's completely tax-free to your employees. Then I get into retirement on steroids - how a defined benefit plan combined with a 401k lets you put away $200,000 or more into retirement and take it as a business deduction, even retroactively. I also explain the difference between bonus depreciation and section 179 depreciation, including why section 179 might be the better option for most business owners, especially in states like New York and California that don't allow bonus depreciation. If you carry inventory, I walk you through the section 471 books and records method that lets you deduct 100% of your unsold ending inventory by filing form 3115 for an automatic accounting method change. Finally, I cover the PTE pass-through entity tax strategy and the new $40,000 SALT deduction limit, why this strategy still makes sense for every S corporation and LLC owner, and how it works as a legal double deduction. Whether you're a sole proprietor, S corporation owner, or LLC member, these five tax strategies can help you pay less in taxes in 2026. 🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout [https://bit.ly/podcast7writeoffs] *Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.